Contents
Top
Holdings (% of Fund's net
assets) | ||
Vestas
Wind Systems A/S |
5.2
|
|
Enphase
Energy, Inc. |
4.1
|
|
ORSTED
A/S |
3.9
|
|
First
Solar, Inc. |
3.6
|
|
Northland
Power, Inc. |
2.9
|
|
Xinyi
Solar Holdings Ltd. |
2.6
|
|
Drax
Group PLC |
2.6
|
|
China
Longyuan Power Grid Corp. Ltd. (H Shares) |
2.5
|
|
EDP
Renovaveis SA |
2.5
|
|
Plug
Power, Inc. |
2.5
|
|
32.4
|
||
Market
Sectors (% of Fund's net assets) | ||
Utilities
|
52.5
|
|
Industrials
|
27.9
|
|
Information
Technology |
19.5
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 73.7%
|
Geographic
Diversification (% of Fund's net assets)
|
|
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are based on country or territory of incorporation and are adjusted for
the effect of derivatives, if applicable. |
Common
Stocks - 99.9% | |||
Shares
|
Value
($)
| ||
INDUSTRIALS
- 27.9% |
|||
Construction
& Engineering - 2.8% |
|||
OX2
AB (a) |
70,635
|
596,223
| |
Xinte
Energy Co. Ltd. (H Shares) |
248,400
|
459,567
| |
1,055,790
| |||
Electrical
Equipment - 25.1% |
|||
Array
Technologies, Inc. (a) |
41,307
|
798,464
| |
Bloom
Energy Corp. Class A (a) |
43,149
|
825,009
| |
CS
Wind Corp. |
12,316
|
670,099
| |
Doosan
Fuel Cell Co. Ltd. (a) |
23,156
|
537,468
| |
Nordex
SE (a) |
54,221
|
763,849
| |
Plug
Power, Inc. (a) |
76,237
|
943,052
| |
PowerCell
Sweden AB (a) |
39,755
|
454,228
| |
Shoals
Technologies Group, Inc. (a) |
34,503
|
851,189
| |
Sunrun,
Inc. (a) |
35,857
|
861,285
| |
TPI
Composites, Inc. (a) |
38,950
|
394,953
| |
Vestas
Wind Systems A/S |
68,852
|
1,997,030
| |
Xinjiang
Goldwind Science & Technology Co. Ltd. (H Shares) |
519,600
|
462,683
| |
9,559,309
| |||
TOTAL INDUSTRIALS |
10,615,099
| ||
INFORMATION
TECHNOLOGY - 19.5% |
|||
Electronic
Equipment & Components - 1.8% |
|||
Landis+Gyr
Group AG |
9,637
|
679,652
| |
Semiconductors
& Semiconductor Equipment - 17.7% |
|||
Canadian
Solar, Inc. (a) |
20,743
|
640,959
| |
Enphase
Energy, Inc. (a) |
5,952
|
1,577,042
| |
First
Solar, Inc. (a) |
9,031
|
1,352,753
| |
Flat
Glass Group Co. Ltd. |
233,000
|
563,622
| |
JinkoSolar
Holdings Co. Ltd. ADR (a) |
14,975
|
612,178
| |
Maxeon
Solar Technologies Ltd. (a) |
21,663
|
347,908
| |
SMA
Solar Technology AG (a) |
9,156
|
653,241
| |
Xinyi
Solar Holdings Ltd. |
888,000
|
983,007
| |
6,730,710
| |||
TOTAL INFORMATION TECHNOLOGY
|
7,410,362
| ||
UTILITIES
- 52.5% |
|||
Electric
Utilities - 8.5% |
|||
Acciona
SA |
5,089
|
933,629
| |
ORSTED
A/S (b) |
16,584
|
1,502,541
| |
Verbund
AG |
9,382
|
787,518
| |
3,223,688
| |||
Independent
Power and Renewable Electricity Producers - 44.0% |
|||
Atlantica
Sustainable Infrastructure PLC |
26,081
|
675,498
| |
Boralex,
Inc. Class A |
28,416
|
839,299
| |
Brookfield
Renewable Corp. |
29,468
|
810,563
| |
China
Datang Corp. Renewable Power Co. Ltd. |
1,825,000
|
540,138
| |
China
Longyuan Power Grid Corp. Ltd. (H Shares) |
786,000
|
960,729
| |
Clearway
Energy, Inc. Class C |
24,193
|
771,031
| |
Corp.
ACCIONA Energias Renovables SA |
19,542
|
753,743
| |
Drax
Group PLC |
114,875
|
971,427
| |
EDP
Renovaveis SA |
42,969
|
943,771
| |
Encavis
AG |
38,403
|
757,619
| |
Enlight
Renewable Energy Ltd. (a) |
337,008
|
687,674
| |
ERG
SpA |
22,545
|
696,811
| |
Innergex
Renewable Energy, Inc. |
59,670
|
713,424
| |
Neoen
SA (b) |
18,411
|
739,004
| |
Northland
Power, Inc. |
39,974
|
1,095,417
| |
Ormat
Technologies, Inc. |
10,850
|
938,308
| |
ReNew
Energy Global PLC (a) |
81,432
|
447,876
| |
RENOVA,
Inc. (a) |
28,700
|
513,118
| |
Scatec
Solar AS (b) |
66,907
|
533,843
| |
Solaria
Energia y Medio Ambiente SA (a) |
37,287
|
681,283
| |
Sunnova
Energy International, Inc. (a) |
35,065
|
631,521
| |
TransAlta
Renewables, Inc. |
58,270
|
483,809
| |
West
Holdings Corp. |
16,300
|
542,324
| |
16,728,230
| |||
TOTAL UTILITIES |
19,951,918
| ||
TOTAL
COMMON STOCKS
(Cost
$41,513,387) |
37,977,379
| ||
Money
Market Funds - 0.0% | |||
Shares
|
Value
($)
| ||
Fidelity
Cash Central Fund 4.37% (c)
(Cost
$2,753)
|
2,753
|
2,753
| |
TOTAL
INVESTMENT IN SECURITIES - 99.9%
(Cost
$41,516,140)
|
37,980,132
|
NET
OTHER ASSETS (LIABILITIES) - 0.1%
|
25,276
|
NET
ASSETS - 100.0% |
38,005,408
|
(a)
|
Non-income
producing
|
(b)
|
Security
exempt from registration under Rule 144A of the Securities Act of
1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At the end of
the period, the value of these securities amounted to $2,775,388 or 7.3%
of net assets.
|
(c)
|
Affiliated
fund that is generally available only to investment companies and other
accounts managed by Fidelity Investments. The rate quoted is the
annualized seven-day yield of the fund at period end. A complete unaudited
listing of the fund's holdings as of its most recent quarter end is
available upon request. In addition, each Fidelity Central Fund's
financial statements are available on the SEC's website or upon
request.
|
Affiliate
|
Value,
beginning
of
period ($) |
Purchases
($) |
Sales
Proceeds
($) |
Dividend
Income
($) |
Realized
Gain
(loss) ($) |
Change
in
Unrealized
appreciation
(depreciation)
($) |
Value,
end
of
period ($) |
%
ownership,
end
of
period |
Fidelity
Cash Central Fund 4.37% |
-
|
1,860,061
|
1,857,308
|
498
|
-
|
-
|
2,753
|
0.0%
|
Total
|
-
|
1,860,061
|
1,857,308
|
498
|
-
|
-
|
2,753
|
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Industrials
|
10,615,099
|
8,155,386
|
2,459,713
|
-
|
Information
Technology |
7,410,362
|
5,863,733
|
1,546,629
|
-
|
Utilities
|
19,951,918
|
15,893,068
|
4,058,850
|
-
|
Money Market Funds
|
2,753
|
2,753
|
-
|
-
|
Total Investments in Securities: |
37,980,132
|
29,914,940
|
8,065,192
|
-
|
Statement
of Assets and Liabilities | ||||
December
31, 2022
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying
schedule: |
$
|
|||
Unaffiliated issuers (cost
$41,513,387) |
37,977,379
|
|||
Fidelity Central Funds (cost
$2,753) |
2,753
|
|||
Total
Investment in Securities (cost $41,516,140) |
$
|
37,980,132
| ||
Foreign
currency held at value (cost $22,970) |
23,027
| |||
Dividends
receivable |
19,394
| |||
Distributions
receivable from Fidelity Central Funds |
74
| |||
Total
assets |
38,022,627
| |||
Liabilities
|
||||
Payable
for investments purchased |
$4,451
|
|||
Accrued
management fee |
12,768
|
|||
Total Liabilities
|
17,219
| |||
Net
Assets |
$
|
38,005,408
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
43,454,982
| ||
Total
accumulated earnings (loss) |
(5,449,574)
| |||
Net
Assets |
$
|
38,005,408
| ||
Net
Asset Value ,
offering price and redemption price per share ($38,005,408 ÷ 1,750,000
shares) |
$
|
21.72
| ||
Statement
of Operations | ||||
Six
months ended
December
31, 2022
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
109,570
| ||
Income
from Fidelity Central Funds |
498
| |||
Total Income |
110,068
| |||
Expenses
|
||||
Management
fee |
$
|
71,657
|
||
Independent
trustees' fees and expenses |
61
|
|||
Total expenses before reductions |
71,718
|
|||
Expense reductions |
(29)
|
|||
Total expenses after reductions |
71,689
| |||
Net
Investment income (loss) |
38,379
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(869,071)
|
|||
Foreign currency transactions |
(594)
|
|||
Total
net realized gain (loss) |
(869,665)
| |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
934,682
|
|||
Assets and liabilities in foreign currencies
|
6,285
|
|||
Total
change in net unrealized appreciation (depreciation) |
940,967
| |||
Net
gain (loss) |
71,302
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
109,681
|
Statement
of Changes in Net Assets | ||||
Six
months ended
December
31, 2022
(Unaudited)
|
For
the period October 5, 2021 (commencement of operations) through June 30,
2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
38,379
|
$
|
144,270
|
Net
realized gain (loss) |
(869,665)
|
(1,012,499)
| ||
Change
in net unrealized appreciation (depreciation) |
940,967
|
(4,471,106)
| ||
Net
increase (decrease) in net assets resulting from operations
|
109,681
|
(5,339,335)
| ||
Distributions
to shareholders |
(75,550)
|
(145,750)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
9,683,566
|
33,772,796
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
9,683,566
|
33,772,796
| ||
Total
increase (decrease) in net assets |
9,717,697
|
28,287,711
| ||
Net
Assets |
||||
Beginning
of period |
28,287,711
|
-
| ||
End
of period |
$
|
38,005,408
|
$
|
28,287,711
|
Other
Information |
||||
Shares
|
||||
Sold
|
400,000
|
1,350,000
| ||
Redeemed
|
-
|
-
| ||
Net
increase (decrease) |
400,000
|
1,350,000
| ||
Fidelity®
Clean Energy ETF |
Six
months ended
(Unaudited)
December 31, 2022
|
Years
ended June 30, 2022
A
| |||
Selected Per-Share
Data
|
||||
Net asset value, beginning
of period |
$
|
20.95
|
$
|
25.12
|
Income from Investment
Operations |
||||
Net investment income (loss) B,C
|
.02
|
.15
| ||
Net realized and unrealized gain (loss)
|
.80
|
(4.20)
| ||
Total from investment
operations |
.82
|
(4.05)
| ||
Distributions from net
investment income |
(.05)
|
(.12)
| ||
Total distributions |
(.05)
|
(.12)
| ||
Net asset value, end of
period |
$
|
21.72
|
$
|
20.95
|
Total Return
D,E,F
|
3.84%
|
(16.12)%
| ||
Ratios to Average Net Assets C,G,H
|
||||
Expenses before reductions
|
.39%
I
|
.39%
| ||
Expenses net of fee
waivers, if any |
.39%
I
|
.39%
| ||
Expenses net of all
reductions |
.39%
I
|
.39%
| ||
Net investment income
(loss) |
.21%
I
|
.90%
| ||
Supplemental Data |
||||
Net assets, end of period
(000 omitted) |
$
|
38,005
|
$
|
28,288
|
Portfolio turnover rate
J,K
|
50%
I
|
30%
L
|
Top
Holdings (% of Fund's net
assets) | ||
SAP
SE |
4.3
|
|
Salesforce.com,
Inc. |
4.2
|
|
ServiceNow,
Inc. |
4.1
|
|
Equinix,
Inc. |
3.9
|
|
Snowflake,
Inc. |
3.3
|
|
Workday,
Inc. Class A |
3.3
|
|
VMware,
Inc. Class A |
3.0
|
|
Digital
Realty Trust, Inc. |
2.9
|
|
MongoDB,
Inc. Class A |
2.8
|
|
Hewlett
Packard Enterprise Co. |
2.7
|
|
34.5
|
||
Market
Sectors (% of Fund's net assets) | ||
Information
Technology |
93.0
|
|
Real
Estate |
6.8
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 18.4%
|
Futures - 0.1% |
Geographic
Diversification (% of Fund's net assets)
|
|
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are based on country or territory of incorporation and are adjusted for
the effect of derivatives, if applicable. |
Common
Stocks - 99.8% | |||
Shares
|
Value
($)
| ||
INFORMATION
TECHNOLOGY - 93.0% |
|||
Communications
Equipment - 1.2% |
|||
NetScout
Systems, Inc. (a) |
7,704
|
250,457
| |
IT
Services - 11.0% |
|||
Atos
SE (a) |
20,870
|
200,729
| |
Kingsoft
Cloud Holdings Ltd. ADR (a) |
50,752
|
194,380
| |
MongoDB,
Inc. Class A (a) |
2,928
|
576,348
| |
Snowflake,
Inc. (a) |
4,868
|
698,753
| |
Twilio,
Inc. Class A (a) |
8,818
|
431,729
| |
Vnet
Group, Inc. ADR (a) |
33,814
|
191,725
| |
2,293,664
| |||
Software
- 69.8% |
|||
Alteryx,
Inc. Class A (a) |
6,496
|
329,152
| |
Atlassian
Corp. PLC (a) |
4,149
|
533,893
| |
Box,
Inc. Class A (a) |
11,773
|
366,493
| |
C3.ai,
Inc. (a) |
16,534
|
185,015
| |
CommVault
Systems, Inc. (a) |
4,571
|
287,242
| |
Confluent,
Inc. (a) |
13,833
|
307,646
| |
Coupa
Software, Inc. (a) |
5,604
|
443,669
| |
Datadog,
Inc. Class A (a) |
7,326
|
538,461
| |
Dropbox,
Inc. Class A (a) |
16,774
|
375,402
| |
Dynatrace,
Inc. (a) |
10,779
|
412,836
| |
Elastic
NV (a) |
6,103
|
314,305
| |
Five9,
Inc. (a) |
5,302
|
359,794
| |
GitLab,
Inc. (a) |
6,551
|
297,677
| |
HubSpot,
Inc. (a) |
1,706
|
493,256
| |
Informatica,
Inc. (a) |
10,726
|
174,727
| |
Kingdee
International Software Group Co. Ltd. (a) |
208,500
|
447,189
| |
LivePerson,
Inc. (a) |
15,855
|
160,770
| |
Micro
Focus International PLC |
44,127
|
281,007
| |
MicroStrategy,
Inc. Class A (a) |
1,316
|
186,306
| |
New
Relic, Inc. (a) |
5,468
|
308,669
| |
Nutanix,
Inc. Class A (a) |
13,249
|
345,136
| |
Open
Text Corp. |
14,458
|
428,101
| |
Pegasystems,
Inc. |
6,568
|
224,888
| |
Qualtrics
International, Inc. (a) |
21,119
|
219,215
| |
Sage
Group PLC |
47,534
|
426,324
| |
Salesforce.com,
Inc. (a) |
6,629
|
878,939
| |
SAP
SE |
8,741
|
899,204
| |
ServiceNow,
Inc. (a) |
2,209
|
857,688
| |
Splunk,
Inc. (a) |
5,551
|
477,886
| |
Sumo
Logic, Inc. (a) |
25,280
|
204,768
| |
Teradata
Corp. (a) |
9,372
|
315,462
| |
UiPath,
Inc. Class A (a) |
27,183
|
345,496
| |
Verint
Systems, Inc. (a) |
7,328
|
265,860
| |
VMware,
Inc. Class A (a) |
5,128
|
629,513
| |
Workday,
Inc. Class A (a) |
4,061
|
679,527
| |
Zoom
Video Communications, Inc. Class A (a) |
7,096
|
480,683
| |
14,482,199
| |||
Technology
Hardware, Storage & Peripherals - 11.0% |
|||
Hewlett
Packard Enterprise Co. |
35,414
|
565,207
| |
NetApp,
Inc. |
7,712
|
463,183
| |
Pure
Storage, Inc. Class A (a) |
14,327
|
383,391
| |
Seagate
Technology Holdings PLC |
8,728
|
459,180
| |
Western
Digital Corp. (a) |
13,310
|
419,931
| |
2,290,892
| |||
TOTAL INFORMATION TECHNOLOGY
|
19,317,212
| ||
REAL
ESTATE - 6.8% |
|||
Equity
Real Estate Investment Trusts (REITs) - 6.8% |
|||
Digital
Realty Trust, Inc. |
6,062
|
607,837
| |
Equinix,
Inc. |
1,218
|
797,827
| |
1,405,664
| |||
TOTAL
COMMON STOCKS
(Cost
$29,792,508) |
20,722,876
| ||
Money
Market Funds - 0.0% | |||
Shares
|
Value
($)
| ||
Fidelity
Cash Central Fund 4.37% (b)
(Cost
$3,483)
|
3,482
|
3,483
| |
TOTAL
INVESTMENT IN SECURITIES - 99.8%
(Cost
$29,795,991)
|
20,726,359
|
NET
OTHER ASSETS (LIABILITIES) - 0.2%
|
32,084
|
NET
ASSETS - 100.0% |
20,758,443
|
Futures
Contracts
| |||||
Number
of
contracts |
Expiration
Date
|
Notional
Amount
($)
|
Value
($)
|
Unrealized
Appreciation/
(Depreciation)
($)
| |
Purchased
|
|||||
Equity
Index Contracts |
|||||
CME
E-mini NASDAQ 100 Index Contracts (United States) |
1
|
Mar
2023 |
22,045
|
(1,331)
|
(1,331)
|
The
notional amount of futures purchased as a percentage of Net Assets is
0.1% |
(a)
|
Non-income
producing
|
(b)
|
Affiliated
fund that is generally available only to investment companies and other
accounts managed by Fidelity Investments. The rate quoted is the
annualized seven-day yield of the fund at period end. A complete unaudited
listing of the fund's holdings as of its most recent quarter end is
available upon request. In addition, each Fidelity Central Fund's
financial statements are available on the SEC's website or upon
request.
|
Affiliate
|
Value,
beginning
of
period ($) |
Purchases
($) |
Sales
Proceeds
($) |
Dividend
Income
($) |
Realized
Gain
(loss) ($) |
Change
in
Unrealized
appreciation
(depreciation)
($) |
Value,
end
of
period ($) |
%
ownership,
end
of
period |
Fidelity
Cash Central Fund 4.37% |
-
|
677,455
|
673,972
|
229
|
-
|
-
|
3,483
|
0.0%
|
Total
|
-
|
677,455
|
673,972
|
229
|
-
|
-
|
3,483
|
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Information
Technology |
19,317,212
|
17,689,812
|
1,627,400
|
-
|
Real
Estate |
1,405,664
|
1,405,664
|
-
|
-
|
Money Market Funds
|
3,483
|
3,483
|
-
|
-
|
Total Investments in Securities: |
20,726,359
|
19,098,959
|
1,627,400
|
-
|
Derivative
Instruments: |
||||
Liabilities |
||||
Futures
Contracts |
(1,331)
|
(1,331)
|
-
|
-
|
Total Liabilities
|
(1,331)
|
(1,331)
|
-
|
-
|
Total Derivative Instruments: |
(1,331)
|
(1,331)
|
-
|
-
|
Primary
Risk Exposure / Derivative Type
|
Value
| |
Asset
($) |
Liability
($) | |
Equity
Risk |
||
Futures
Contracts (a)
|
0
|
(1,331)
|
Total
Equity Risk |
0
|
(1,331)
|
Total
Value of Derivatives |
0
|
(1,331)
|
Statement
of Assets and Liabilities | ||||
December
31, 2022
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying
schedule: |
$
|
|||
Unaffiliated issuers (cost
$29,792,508) |
20,722,876
|
|||
Fidelity Central Funds (cost
$3,483) |
3,483
|
|||
Total
Investment in Securities (cost $29,795,991) |
$
|
20,726,359
| ||
Segregated
cash with brokers for derivative instruments |
1,580
| |||
Cash
|
520
| |||
Foreign
currency held at value (cost $15,378) |
15,391
| |||
Dividends
receivable |
21,408
| |||
Distributions
receivable from Fidelity Central Funds |
53
| |||
Total
assets |
20,765,311
| |||
Liabilities
|
||||
Accrued
management fee |
6,841
|
|||
Payable
for daily variation margin on futures contracts |
21
|
|||
Other
payables and accrued expenses |
6
|
|||
Total Liabilities
|
6,868
| |||
Net
Assets |
$
|
20,758,443
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
32,550,158
| ||
Total
accumulated earnings (loss) |
(11,791,715)
| |||
Net
Assets |
$
|
20,758,443
| ||
Net
Asset Value ,
offering price and redemption price per share ($20,758,443 ÷ 1,400,000
shares) |
$
|
14.83
| ||
Statement
of Operations | ||||
Six
months ended
December
31, 2022
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
50,210
| ||
Income
from Fidelity Central Funds |
229
| |||
Total Income |
50,439
| |||
Expenses
|
||||
Management
fee |
$
|
39,242
|
||
Independent
trustees' fees and expenses |
34
|
|||
Total expenses before reductions |
39,276
|
|||
Expense reductions |
(75)
|
|||
Total expenses after reductions |
39,201
| |||
Net
Investment income (loss) |
11,238
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(1,328,881)
|
|||
Foreign currency transactions |
(1,937)
|
|||
Futures contracts |
763
|
|||
Total
net realized gain (loss) |
(1,330,055)
| |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(255,782)
|
|||
Assets and liabilities in foreign currencies
|
117
|
|||
Futures contracts |
(1,331)
|
|||
Total
change in net unrealized appreciation (depreciation) |
(256,996)
| |||
Net
gain (loss) |
(1,587,051)
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
(1,575,813)
|
Statement
of Changes in Net Assets | ||||
Six
months ended
December
31, 2022
(Unaudited)
|
For
the period October 5, 2021 (commencement of operations) through June 30,
2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
11,238
|
$
|
55,996
|
Net
realized gain (loss) |
(1,330,055)
|
(1,531,664)
| ||
Change
in net unrealized appreciation (depreciation) |
(256,996)
|
(8,813,883)
| ||
Net
increase (decrease) in net assets resulting from operations
|
(1,575,813)
|
(10,289,551)
| ||
Distributions
to shareholders |
(16,400)
|
(57,350)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
4,057,727
|
29,456,208
| ||
Cost
of shares redeemed |
-
|
(816,378)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
4,057,727
|
28,639,830
| ||
Total
increase (decrease) in net assets |
2,465,514
|
18,292,929
| ||
Net
Assets |
||||
Beginning
of period |
18,292,929
|
-
| ||
End
of period |
$
|
20,758,443
|
$
|
18,292,929
|
Other
Information |
||||
Shares
|
||||
Sold
|
250,000
|
1,200,000
| ||
Redeemed
|
-
|
(50,000)
| ||
Net
increase (decrease) |
250,000
|
1,150,000
| ||
Fidelity®
Cloud Computing ETF |
Six
months ended
(Unaudited)
December 31, 2022
|
Years
ended June 30, 2022
A
| |||
Selected Per-Share
Data
|
||||
Net asset value, beginning
of period |
$
|
15.91
|
$
|
25.20
|
Income from Investment
Operations |
||||
Net investment income (loss) B,C
|
.01
|
.06
| ||
Net realized and unrealized gain (loss)
|
(1.08)
|
(9.29)
| ||
Total from investment
operations |
(1.07)
|
(9.23)
| ||
Distributions from net
investment income |
(.01)
|
(.06)
| ||
Total distributions |
(.01)
|
(.06)
| ||
Net asset value, end of
period |
$
|
14.83
|
$
|
15.91
|
Total Return
D,E,F
|
(6.71)%
|
(36.69)%
| ||
Ratios to Average Net Assets C,G,H
|
||||
Expenses before reductions
|
.39%
I
|
.39%
| ||
Expenses net of fee
waivers, if any |
.39%
I
|
.39%
| ||
Expenses net of all
reductions |
.39%
I
|
.39%
| ||
Net investment income
(loss) |
.11%
I
|
.41%
| ||
Supplemental Data |
||||
Net assets, end of period
(000 omitted) |
$
|
20,758
|
$
|
18,293
|
Portfolio turnover rate
J,K
|
27%
I
|
31%
L
|
Top
Holdings (% of Fund's net
assets) | ||
Block,
Inc. Class A |
16.6
|
|
Coinbase
Global, Inc. |
12.4
|
|
Riot
Blockchain, Inc. |
5.9
|
|
Marathon
Digital Holdings, Inc. |
5.2
|
|
Applied
Digital Corp. |
3.8
|
|
Hut
8 Mining Corp. |
3.5
|
|
Cleanspark,
Inc. |
3.5
|
|
Dlocal
Ltd. |
2.7
|
|
Galaxy
Digital Holdings Ltd. |
2.7
|
|
Shift4
Payments, Inc. |
2.6
|
|
58.9
|
||
Market
Sectors (% of Fund's net assets) | ||
Information
Technology |
79.1
|
|
Financials
|
20.8
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 15.7%
|
Futures - 0.1% |
Geographic
Diversification (% of Fund's net assets)
|
|
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are based on country or territory of incorporation and are adjusted for
the effect of derivatives, if applicable. |
Common
Stocks - 99.9% | |||
Shares
|
Value
($)
| ||
FINANCIALS
- 20.8% |
|||
Capital
Markets - 17.4% |
|||
Bakkt
Holdings, Inc. Class A (a) |
328,508
|
390,925
| |
Coinbase
Global, Inc. (a) |
59,138
|
2,092,894
| |
Galaxy
Digital Holdings Ltd. (a) |
156,156
|
446,012
| |
2,929,831
| |||
Consumer
Finance - 3.4% |
|||
Bread
Financial Holdings, Inc. |
9,488
|
357,318
| |
Green
Dot Corp. Class A (a) |
12,957
|
204,980
| |
562,298
| |||
TOTAL FINANCIALS |
3,492,129
| ||
INFORMATION
TECHNOLOGY - 79.1% |
|||
IT
Services - 53.4% |
|||
Block,
Inc. Class A (a) |
44,415
|
2,791,037
| |
Cielo
SA |
373,200
|
370,390
| |
Dlocal
Ltd. (a) |
29,011
|
451,701
| |
Edenred
SA |
6,033
|
327,602
| |
FleetCor
Technologies, Inc. (a) |
1,956
|
359,278
| |
Flywire
Corp. (a) |
14,778
|
361,618
| |
Global
Payments, Inc. |
3,708
|
368,279
| |
GMO
Payment Gateway, Inc. |
3,600
|
297,942
| |
Marqeta,
Inc. Class A (a) |
57,550
|
351,631
| |
MasterCard,
Inc. Class A |
1,064
|
369,985
| |
Nexi
SpA (a)(b) |
37,726
|
296,578
| |
Nuvei
Corp. (a)(b) |
8,696
|
220,965
| |
Payoneer
Global, Inc. (a) |
61,219
|
334,868
| |
Shift4
Payments, Inc. (a) |
7,696
|
430,437
| |
Shopify,
Inc. Class A (a) |
8,845
|
307,010
| |
StoneCo
Ltd. Class A (a) |
32,669
|
308,395
| |
Visa,
Inc. Class A |
1,769
|
367,527
| |
WEX,
Inc. (a) |
2,241
|
366,740
| |
Worldline
SA (a)(b) |
7,548
|
294,271
| |
8,976,254
| |||
Software
- 25.7% |
|||
Applied
Digital Corp. |
342,767
|
630,691
| |
Bitfarms
Ltd. (a) |
640,779
|
281,943
| |
Cleanspark,
Inc. (a) |
285,089
|
581,582
| |
HIVE
Blockchain Technologies Ltd. (a) |
250,663
|
360,955
| |
Hut
8 Mining Corp. (a) |
701,422
|
596,209
| |
Marathon
Digital Holdings, Inc. (a) |
257,040
|
879,077
| |
Riot
Blockchain, Inc. (a) |
293,623
|
995,382
| |
4,325,839
| |||
TOTAL INFORMATION TECHNOLOGY
|
13,302,093
| ||
TOTAL
COMMON STOCKS
(Cost
$23,946,702) |
16,794,222
| ||
TOTAL
INVESTMENT IN SECURITIES - 99.9%
(Cost
$23,946,702)
|
16,794,222
|
NET
OTHER ASSETS (LIABILITIES) - 0.1%
|
24,545
|
NET
ASSETS - 100.0% |
16,818,767
|
Futures
Contracts
| |||||
Number
of
contracts |
Expiration
Date
|
Notional
Amount
($)
|
Value
($)
|
Unrealized
Appreciation/
(Depreciation)
($)
| |
Purchased
|
|||||
Equity
Index Contracts |
|||||
CME
E-mini NASDAQ 100 Index Contracts (United States) |
1
|
Mar
2023 |
22,045
|
209
|
209
|
The
notional amount of futures purchased as a percentage of Net Assets is
0.1% |
(a)
|
Non-income
producing
|
(b)
|
Security
exempt from registration under Rule 144A of the Securities Act of
1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At the end of
the period, the value of these securities amounted to $811,814 or 4.8% of
net assets.
|
Affiliate
|
Value,
beginning
of
period ($) |
Purchases
($) |
Sales
Proceeds
($) |
Dividend
Income
($) |
Realized
Gain
(loss) ($) |
Change
in
Unrealized
appreciation
(depreciation)
($) |
Value,
end
of
period ($) |
%
ownership,
end
of
period |
Fidelity
Cash Central Fund 4.37% |
-
|
85,310
|
85,310
|
5
|
-
|
-
|
-
|
0.0%
|
Total
|
-
|
85,310
|
85,310
|
5
|
-
|
-
|
-
|
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Financials
|
3,492,129
|
3,492,129
|
-
|
-
|
Information
Technology |
13,302,093
|
12,709,880
|
592,213
|
-
|
Total Investments in Securities: |
16,794,222
|
16,202,009
|
592,213
|
-
|
Derivative
Instruments: |
||||
Assets |
||||
Futures
Contracts |
209
|
209
|
-
|
-
|
Total Assets
|
209
|
209
|
-
|
-
|
Total Derivative Instruments: |
209
|
209
|
-
|
-
|
Primary
Risk Exposure / Derivative Type
|
Value
| |
Asset
($) |
Liability
($) | |
Equity
Risk |
||
Futures
Contracts (a)
|
209
|
0
|
Total
Equity Risk |
209
|
0
|
Total
Value of Derivatives |
209
|
0
|
Statement
of Assets and Liabilities | ||||
December
31, 2022
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$23,946,702):
|
$
|
16,794,222
| ||
Segregated
cash with brokers for derivative instruments |
1,580
| |||
Cash
|
19,967
| |||
Foreign
currency held at value (cost $2,219) |
2,223
| |||
Dividends
receivable |
6,270
| |||
Other
receivables |
11
| |||
Total
assets |
16,824,273
| |||
Liabilities
|
||||
Accrued
management fee |
5,485
|
|||
Payable
for daily variation margin on futures contracts |
21
|
|||
Total Liabilities
|
5,506
| |||
Net
Assets |
$
|
16,818,767
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
27,237,158
| ||
Total
accumulated earnings (loss) |
(10,418,391)
| |||
Net
Assets |
$
|
16,818,767
| ||
Net
Asset Value ,
offering price and redemption price per share ($16,818,767 ÷ 1,600,000
shares) |
$
|
10.51
| ||
Statement
of Operations | ||||
Six
months ended
December
31, 2022
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
19,857
| ||
Income
from Fidelity Central Funds |
5
| |||
Total Income |
19,862
| |||
Expenses
|
||||
Management
fee |
$
|
34,680
|
||
Independent
trustees' fees and expenses |
30
|
|||
Total expenses before reductions |
34,710
|
|||
Expense reductions |
(98)
|
|||
Total expenses after reductions |
34,612
| |||
Net
Investment income (loss) |
(14,750)
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Redemptions in-kind |
(19,406)
|
|||
Unaffiliated issuers |
(2,344,590)
|
|||
Foreign currency transactions |
(365)
|
|||
Futures contracts |
(2,987)
|
|||
Total
net realized gain (loss) |
(2,367,348)
| |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(2,242,562)
|
|||
Assets and liabilities in foreign currencies
|
25
|
|||
Futures contracts |
209
|
|||
Total
change in net unrealized appreciation (depreciation) |
(2,242,328)
| |||
Net
gain (loss) |
(4,609,676)
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
(4,624,426)
|
Statement
of Changes in Net Assets | ||||
Six
months ended
December
31, 2022
(Unaudited)
|
For
the period April 19, 2022 (commencement of operations) through June 30,
2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
(14,750)
|
$
|
(5,137)
|
Net
realized gain (loss) |
(2,367,348)
|
(884,217)
| ||
Change
in net unrealized appreciation (depreciation) |
(2,242,328)
|
(4,910,077)
| ||
Net
increase (decrease) in net assets resulting from operations
|
(4,624,426)
|
(5,799,431)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
9,706,463
|
18,803,995
| ||
Cost
of shares redeemed |
(1,267,834)
|
-
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
8,438,629
|
18,803,995
| ||
Total
increase (decrease) in net assets |
3,814,203
|
13,004,564
| ||
Net
Assets |
||||
Beginning
of period |
13,004,564
|
-
| ||
End
of period |
$
|
16,818,767
|
$
|
13,004,564
|
Other
Information |
||||
Shares
|
||||
Sold
|
650,000
|
1,050,000
| ||
Redeemed
|
(100,000)
|
-
| ||
Net
increase (decrease) |
550,000
|
1,050,000
| ||
Fidelity®
Crypto Industry and Digital Payments ETF |
Six
months ended
(Unaudited)
December 31, 2022
|
Years
ended June 30, 2022
A
| |||
Selected Per-Share
Data
|
||||
Net asset value, beginning
of period |
$
|
12.39
|
$
|
25.76
|
Income from Investment
Operations |
||||
Net investment income (loss) B,C
|
(.01)
|
(.01)
| ||
Net realized and unrealized gain (loss)
|
(1.87)
|
(13.36)
| ||
Total from investment
operations |
(1.88)
|
(13.37)
| ||
Net asset value, end of
period |
$
|
10.51
|
$
|
12.39
|
Total Return
D,E,F
|
(15.13)%
|
(51.92)%
| ||
Ratios to Average Net Assets C,G,H
|
||||
Expenses before reductions
|
.39%
I
|
.39%
| ||
Expenses net of fee
waivers, if any |
.39%
I
|
.39%
| ||
Expenses net of all
reductions |
.38%
I
|
.39%
| ||
Net investment income
(loss) |
(.16)%
I
|
(.29)%
| ||
Supplemental Data |
||||
Net assets, end of period
(000 omitted) |
$
|
16,819
|
$
|
13,005
|
Portfolio turnover rate
J,K
|
47%
I
|
28%
L
|
Top
Holdings (% of Fund's net
assets) | ||
Intuitive
Surgical, Inc. |
4.6
|
|
DexCom,
Inc. |
4.5
|
|
ResMed,
Inc. |
4.3
|
|
Insulet
Corp. |
3.9
|
|
Veeva
Systems, Inc. Class A |
3.7
|
|
JD
Health International, Inc. |
3.3
|
|
Sonova
Holding AG |
3.2
|
|
Cochlear
Ltd. |
3.0
|
|
Inspire
Medical Systems, Inc. |
2.9
|
|
Fisher
& Paykel Healthcare Corp. |
2.8
|
|
36.2
|
||
Market
Sectors (% of Fund's net assets) | ||
Health
Care |
83.6
|
|
Consumer
Discretionary |
7.2
|
|
Information
Technology |
7.0
|
|
Consumer
Staples |
2.2
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 26.2%
|
Geographic
Diversification (% of Fund's net assets)
|
|
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are based on country or territory of incorporation and are adjusted for
the effect of derivatives, if applicable. |
Common
Stocks - 100.0% | |||
Shares
|
Value
($)
| ||
CONSUMER
DISCRETIONARY - 7.2% |
|||
Internet
& Direct Marketing Retail - 7.2% |
|||
Alibaba
Health Information Technology Ltd. (a) |
244,000
|
207,894
| |
JD
Health International, Inc. (a)(b) |
33,450
|
305,788
| |
Ping
An Healthcare and Technology Co. Ltd. (a)(b) |
57,500
|
156,920
| |
670,602
| |||
CONSUMER
STAPLES - 2.2% |
|||
Food
& Staples Retailing - 2.2% |
|||
Shop
Apotheke Europe NV (a)(b) |
2,380
|
112,042
| |
Zur
Rose Group AG (a) |
3,243
|
89,593
| |
201,635
| |||
HEALTH
CARE - 83.6% |
|||
Biotechnology
- 1.5% |
|||
Zealand
Pharma A/S (a) |
4,817
|
139,231
| |
Health
Care Equipment & Supplies - 41.9% |
|||
Axonics
Modulation Technologies, Inc. (a) |
2,913
|
182,150
| |
Cochlear
Ltd. |
1,991
|
275,602
| |
Demant
A/S (a) |
6,615
|
182,799
| |
DexCom,
Inc. (a) |
3,722
|
421,479
| |
Fisher
& Paykel Healthcare Corp. |
18,190
|
259,996
| |
Inspire
Medical Systems, Inc. (a) |
1,067
|
268,756
| |
Insulet
Corp. (a) |
1,227
|
361,217
| |
Integra
LifeSciences Holdings Corp. (a) |
3,867
|
216,823
| |
Intuitive
Surgical, Inc. (a) |
1,599
|
424,294
| |
iRhythm
Technologies, Inc. (a) |
1,863
|
174,507
| |
Nevro
Corp. (a) |
3,391
|
134,284
| |
ResMed,
Inc. |
1,916
|
398,777
| |
Senseonics
Holdings, Inc. (a) |
95,633
|
98,502
| |
Sonova
Holding AG |
1,243
|
294,628
| |
Tandem
Diabetes Care, Inc. (a) |
4,471
|
200,971
| |
3,894,785
| |||
Health
Care Providers & Services - 12.9% |
|||
Apollo
Medical Holdings, Inc. (a) |
4,981
|
147,388
| |
Cigna
Corp. |
618
|
204,768
| |
Corvel
Corp. (a) |
995
|
144,603
| |
Hims
& Hers Health, Inc. (a) |
19,602
|
125,649
| |
Premier,
Inc. |
6,434
|
225,061
| |
R1
Rcm, Inc. (a) |
16,220
|
177,609
| |
Signify
Health, Inc. (a) |
5,968
|
171,043
| |
1,196,121
| |||
Health
Care Technology - 27.3% |
|||
American
Well Corp. (a) |
34,982
|
98,999
| |
CompuGroup
Medical AG |
3,544
|
136,088
| |
Computer
Programs & Systems, Inc. (a) |
3,518
|
95,760
| |
Definitive
Healthcare Corp. (a) |
8,586
|
94,360
| |
Doximity,
Inc. (a) |
6,130
|
205,723
| |
Evolent
Health, Inc. (a) |
6,409
|
179,965
| |
Health
Catalyst, Inc. (a) |
10,692
|
113,656
| |
HealthStream,
Inc. (a) |
4,525
|
112,401
| |
JMDC,
Inc. |
3,500
|
100,269
| |
MultiPlan
Corp. Class A (a) |
62,562
|
71,946
| |
Nextgen
Healthcare, Inc. (a) |
6,900
|
129,582
| |
OptimizeRx
Corp. (a) |
4,790
|
80,472
| |
Phreesia,
Inc. (a) |
5,496
|
177,851
| |
Pro
Medicus Ltd. |
4,244
|
159,042
| |
Sharecare,
Inc. Class A (a) |
57,164
|
91,462
| |
Teladoc
Health, Inc. (a) |
7,853
|
185,723
| |
Allscripts
Healthcare Solutions, Inc. (a) |
9,217
|
162,588
| |
Veeva
Systems, Inc. Class A (a) |
2,128
|
343,417
| |
2,539,304
| |||
TOTAL HEALTH CARE |
7,769,441
| ||
INFORMATION
TECHNOLOGY - 7.0% |
|||
IT
Services - 4.1% |
|||
Cognizant
Technology Solutions Corp. Class A |
3,195
|
182,722
| |
Maximus,
Inc. |
2,751
|
201,731
| |
384,453
| |||
Software
- 2.9% |
|||
EngageSmart,
Inc. (a) |
6,331
|
111,426
| |
Model
N, Inc. (a) |
3,762
|
152,587
| |
264,013
| |||
TOTAL INFORMATION TECHNOLOGY
|
648,466
| ||
TOTAL
COMMON STOCKS
(Cost
$11,985,302) |
9,290,144
| ||
TOTAL
INVESTMENT IN SECURITIES - 100.0%
(Cost
$11,985,302)
|
9,290,144
|
NET
OTHER ASSETS (LIABILITIES) - 0.0%
|
3,045
|
NET
ASSETS - 100.0% |
9,293,189
|
(a)
|
Non-income
producing
|
(b)
|
Security
exempt from registration under Rule 144A of the Securities Act of
1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At the end of
the period, the value of these securities amounted to $574,750 or 6.2% of
net assets.
|
Affiliate
|
Value,
beginning
of
period ($) |
Purchases
($) |
Sales
Proceeds
($) |
Dividend
Income
($) |
Realized
Gain
(loss) ($) |
Change
in
Unrealized
appreciation
(depreciation)
($) |
Value,
end
of
period ($) |
%
ownership,
end
of
period |
Fidelity
Cash Central Fund 4.37% |
-
|
416,614
|
416,614
|
152
|
-
|
-
|
-
|
0.0%
|
Total
|
-
|
416,614
|
416,614
|
152
|
-
|
-
|
-
|
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Consumer
Discretionary |
670,602
|
-
|
670,602
|
-
|
Consumer
Staples |
201,635
|
201,635
|
-
|
-
|
Health
Care |
7,769,441
|
6,974,532
|
794,909
|
-
|
Information
Technology |
648,466
|
648,466
|
-
|
-
|
Total Investments in Securities: |
9,290,144
|
7,824,633
|
1,465,511
|
-
|
Statement
of Assets and Liabilities | ||||
December
31, 2022
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$11,985,302):
|
$
|
9,290,144
| ||
Foreign
currency held at value (cost $7,630) |
7,686
| |||
Receivable
for investments sold |
28
| |||
Dividends
receivable |
1,231
| |||
Distributions
receivable from Fidelity Central Funds |
10
| |||
Total
assets |
9,299,099
| |||
Liabilities
|
||||
Payable
to custodian bank |
2,763
|
|||
Accrued
management fee |
3,116
|
|||
Other
payables and accrued expenses |
31
|
|||
Total Liabilities
|
5,910
| |||
Net
Assets |
$
|
9,293,189
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
12,749,375
| ||
Total
accumulated earnings (loss) |
(3,456,186)
| |||
Net
Assets |
$
|
9,293,189
| ||
Net
Asset Value ,
offering price and redemption price per share ($9,293,189 ÷ 500,000
shares) |
$
|
18.59
| ||
Statement
of Operations | ||||
Six
months ended
December
31, 2022
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
12,198
| ||
Special
dividends |
19,416
| |||
Income
from Fidelity Central Funds |
152
| |||
Total Income |
31,766
| |||
Expenses
|
||||
Management
fee |
$
|
18,313
|
||
Independent
trustees' fees and expenses |
16
|
|||
Total expenses before reductions |
18,329
|
|||
Expense reductions |
(8)
|
|||
Total expenses after reductions |
18,321
| |||
Net
Investment income (loss) |
13,445
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(426,216)
|
|||
Foreign currency transactions |
(61)
|
|||
Total
net realized gain (loss) |
(426,277)
| |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
428,745
|
|||
Assets and liabilities in foreign currencies
|
88
|
|||
Total
change in net unrealized appreciation (depreciation) |
428,833
| |||
Net
gain (loss) |
2,556
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
16,001
|
Statement
of Changes in Net Assets | ||||
Six
months ended
December
31, 2022
(Unaudited)
|
For
the period October 5, 2021 (commencement of operations) through June 30,
2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
13,445
|
$
|
(3,322)
|
Net
realized gain (loss) |
(426,277)
|
(485,420)
| ||
Change
in net unrealized appreciation (depreciation) |
428,833
|
(3,123,941)
| ||
Net
increase (decrease) in net assets resulting from operations
|
16,001
|
(3,612,683)
| ||
Distributions
to shareholders |
(11,500)
|
-
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
-
|
13,779,066
| ||
Cost
of shares redeemed |
-
|
(877,695)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
-
|
12,901,371
| ||
Total
increase (decrease) in net assets |
4,501
|
9,288,688
| ||
Net
Assets |
||||
Beginning
of period |
9,288,688
|
-
| ||
End
of period |
$
|
9,293,189
|
$
|
9,288,688
|
Other
Information |
||||
Shares
|
||||
Sold
|
-
|
550,000
| ||
Redeemed
|
-
|
(50,000)
| ||
Net
increase (decrease) |
-
|
500,000
| ||
Fidelity®
Digital Health ETF |
Six
months ended
(Unaudited)
December 31, 2022
|
Years
ended June 30, 2022
A
| |||
Selected Per-Share
Data
|
||||
Net asset value, beginning
of period |
$
|
18.58
|
$
|
25.10
|
Income from Investment
Operations |
||||
Net investment income (loss) B,C
|
.03
D
|
(.01)
| ||
Net realized and unrealized gain (loss)
|
-
E
|
(6.51)
| ||
Total from investment
operations |
.03
|
(6.52)
| ||
Distributions from net
investment income |
(.02)
|
-
| ||
Total distributions |
(.02)
|
-
| ||
Net asset value, end of
period |
$
|
18.59
|
$
|
18.58
|
Total Return
F,G,H
|
.17%
|
(25.99)%
| ||
Ratios to Average Net Assets C,I,J
|
||||
Expenses before reductions
|
.39%
K
|
.39%
| ||
Expenses net of fee
waivers, if any |
.39%
K
|
.39%
| ||
Expenses net of all
reductions |
.39%
K
|
.39%
| ||
Net investment income
(loss) |
.08%
D,K
|
(.05)%
| ||
Supplemental Data |
||||
Net assets, end of period
(000 omitted) |
$
|
9,293
|
$
|
9,289
|
Portfolio turnover rate
L
|
39%
K
|
48%
M,N
|
Top
Holdings (% of Fund's net
assets) | ||
NXP
Semiconductors NV |
4.2
|
|
Aptiv
PLC |
3.6
|
|
Samsung
SDI Co. Ltd. |
3.5
|
|
onsemi
|
3.5
|
|
STMicroelectronics
NV (Italy) |
3.4
|
|
Tesla,
Inc. |
3.3
|
|
Garmin
Ltd. |
3.2
|
|
Skyworks
Solutions, Inc. |
3.1
|
|
Li
Auto, Inc. ADR |
3.0
|
|
NIO,
Inc. sponsored ADR |
2.8
|
|
33.6
|
||
Market
Sectors (% of Fund's net assets) | ||
Consumer
Discretionary |
37.8
|
|
Information
Technology |
36.7
|
|
Industrials
|
17.7
|
|
Materials
|
7.7
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 48%
|
Geographic
Diversification (% of Fund's net assets)
|
|
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are based on country or territory of incorporation and are adjusted for
the effect of derivatives, if applicable. |
Common
Stocks - 99.9% | |||
Shares
|
Value
($)
| ||
CONSUMER
DISCRETIONARY - 37.8% |
|||
Auto
Components - 15.2% |
|||
Aptiv
PLC (a) |
15,441
|
1,438,020
| |
Faurecia
SA (a) |
45,617
|
687,915
| |
Gentex
Corp. |
34,695
|
946,133
| |
Lear
Corp. |
7,665
|
950,613
| |
Luminar
Technologies, Inc. (a) |
82,061
|
406,202
| |
Valeo
SA |
46,554
|
829,735
| |
Visteon
Corp. (a) |
5,775
|
755,543
| |
6,014,161
| |||
Automobiles
- 16.7% |
|||
Li
Auto, Inc. ADR (a) |
57,383
|
1,170,613
| |
Lucid
Group, Inc. Class A (a) |
96,938
|
662,087
| |
NIO,
Inc. sponsored ADR (a) |
113,446
|
1,106,099
| |
Rivian
Automotive, Inc. (a) |
43,565
|
802,903
| |
Tesla,
Inc. (a) |
10,752
|
1,324,431
| |
XPeng,
Inc. ADR (a) |
92,566
|
920,106
| |
Yadea
Group Holdings Ltd. (b) |
372,000
|
622,467
| |
6,608,706
| |||
Household
Durables - 3.2% |
|||
Garmin
Ltd. |
13,759
|
1,269,818
| |
Internet
& Direct Marketing Retail - 2.0% |
|||
Lyft,
Inc. (a) |
71,604
|
789,076
| |
Specialty
Retail - 0.7% |
|||
EVgo,
Inc. Class A (a) |
65,439
|
292,512
| |
TOTAL CONSUMER DISCRETIONARY
|
14,974,273
| ||
INDUSTRIALS
- 17.7% |
|||
Commercial
Services & Supplies - 1.0% |
|||
Aurora
Innovation, Inc. (a) |
310,085
|
375,203
| |
Electrical
Equipment - 16.0% |
|||
Ballard
Power Systems, Inc. (a) |
99,431
|
475,525
| |
Blink
Charging Co. (a) |
31,828
|
349,153
| |
Bloom
Energy Corp. Class A (a) |
38,538
|
736,847
| |
ChargePoint
Holdings, Inc. Class A (a) |
64,033
|
610,234
| |
Doosan
Fuel Cell Co. Ltd. (a) |
20,678
|
479,952
| |
FuelCell
Energy, Inc. (a) |
167,071
|
464,457
| |
LG
Energy Solution (a) |
3,150
|
1,084,875
| |
Plug
Power, Inc. (a) |
68,092
|
842,298
| |
PowerCell
Sweden AB (a) |
35,490
|
405,498
| |
Sensata
Technologies, Inc. PLC |
22,403
|
904,633
| |
6,353,472
| |||
Road
& Rail - 0.7% |
|||
TuSimple
Holdings, Inc. (a) |
160,018
|
262,430
| |
TOTAL INDUSTRIALS |
6,991,105
| ||
INFORMATION
TECHNOLOGY - 36.7% |
|||
Electronic
Equipment & Components - 3.5% |
|||
Samsung
SDI Co. Ltd. |
2,982
|
1,393,722
| |
Semiconductors
& Semiconductor Equipment - 33.2% |
|||
Allegro
MicroSystems LLC (a) |
20,768
|
623,455
| |
Ambarella,
Inc. (a) |
9,603
|
789,655
| |
Himax
Technologies, Inc. sponsored ADR |
68,190
|
423,460
| |
indie
Semiconductor, Inc. (a) |
51,652
|
301,131
| |
Infineon
Technologies AG |
27,961
|
848,390
| |
Lattice
Semiconductor Corp. (a) |
15,374
|
997,465
| |
Lx
Semicon Co. Ltd. |
6,800
|
385,575
| |
NVIDIA
Corp. |
5,532
|
808,446
| |
NXP
Semiconductors NV |
10,527
|
1,663,584
| |
onsemi
(a) |
21,951
|
1,369,084
| |
Renesas
Electronics Corp. (a) |
94,500
|
847,632
| |
SiTime
Corp. (a) |
5,814
|
590,819
| |
Skyworks
Solutions, Inc. |
13,348
|
1,216,403
| |
STMicroelectronics
NV (Italy) |
38,848
|
1,368,405
| |
Wolfspeed,
Inc. (a) |
13,057
|
901,455
| |
13,134,959
| |||
TOTAL INFORMATION TECHNOLOGY
|
14,528,681
| ||
MATERIALS
- 7.7% |
|||
Chemicals
- 4.1% |
|||
Chunbo
Co. Ltd. |
2,674
|
461,632
| |
Livent
Corp. (a) |
33,371
|
663,082
| |
SK
IE Technology Co. Ltd. (a)(b) |
11,653
|
488,422
| |
1,613,136
| |||
Metals
& Mining - 3.6% |
|||
Allkem
Ltd. (a) |
99,474
|
758,231
| |
Ganfeng
Lithium Group Co. Ltd. (H Shares) (b) |
91,880
|
686,309
| |
1,444,540
| |||
TOTAL MATERIALS |
3,057,676
| ||
TOTAL
COMMON STOCKS
(Cost
$56,766,774) |
39,551,735
| ||
TOTAL
INVESTMENT IN SECURITIES - 99.9%
(Cost
$56,766,774)
|
39,551,735
|
NET
OTHER ASSETS (LIABILITIES) - 0.1%
|
41,142
|
NET
ASSETS - 100.0% |
39,592,877
|
(a)
|
Non-income
producing
|
(b)
|
Security
exempt from registration under Rule 144A of the Securities Act of
1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At the end of
the period, the value of these securities amounted to $1,797,198 or 4.5%
of net assets.
|
Affiliate
|
Value,
beginning
of
period ($) |
Purchases
($) |
Sales
Proceeds
($) |
Dividend
Income
($) |
Realized
Gain
(loss) ($) |
Change
in
Unrealized
appreciation
(depreciation)
($) |
Value,
end
of
period ($) |
%
ownership,
end
of
period |
Fidelity
Cash Central Fund 4.37% |
-
|
2,243,076
|
2,243,076
|
202
|
-
|
-
|
-
|
0.0%
|
Total
|
-
|
2,243,076
|
2,243,076
|
202
|
-
|
-
|
-
|
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Consumer
Discretionary |
14,974,273
|
14,351,806
|
622,467
|
-
|
Industrials
|
6,991,105
|
6,991,105
|
-
|
-
|
Information
Technology |
14,528,681
|
11,464,254
|
3,064,427
|
-
|
Materials
|
3,057,676
|
1,613,136
|
1,444,540
|
-
|
Total Investments in Securities: |
39,551,735
|
34,420,301
|
5,131,434
|
-
|
Statement
of Assets and Liabilities | ||||
December
31, 2022
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$56,766,774):
|
$
|
39,551,735
| ||
Cash
|
17,217
| |||
Foreign
currency held at value (cost $298) |
299
| |||
Dividends
receivable |
37,470
| |||
Distributions
receivable from Fidelity Central Funds |
20
| |||
Total
assets |
39,606,741
| |||
Liabilities
|
||||
Accrued
management fee |
13,864
|
|||
Total Liabilities
|
13,864
| |||
Net
Assets |
$
|
39,592,877
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
66,823,551
| ||
Total
accumulated earnings (loss) |
(27,230,674)
| |||
Net
Assets |
$
|
39,592,877
| ||
Net
Asset Value ,
offering price and redemption price per share ($39,592,877 ÷ 2,600,000
shares) |
$
|
15.23
| ||
Statement
of Operations | ||||
Six
months ended
December
31, 2022
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
124,559
| ||
Income
from Fidelity Central Funds |
202
| |||
Total Income |
124,761
| |||
Expenses
|
||||
Management
fee |
$
|
82,683
|
||
Independent
trustees' fees and expenses |
73
|
|||
Total expenses before reductions |
82,756
|
|||
Expense reductions |
(24)
|
|||
Total expenses after reductions |
82,732
| |||
Net
Investment income (loss) |
42,029
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(5,705,943)
|
|||
Foreign currency transactions |
(5,701)
|
|||
Total
net realized gain (loss) |
(5,711,644)
| |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(1,058,200)
|
|||
Assets and liabilities in foreign currencies
|
211
|
|||
Total
change in net unrealized appreciation (depreciation) |
(1,057,989)
| |||
Net
gain (loss) |
(6,769,633)
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
(6,727,604)
|
Statement
of Changes in Net Assets | ||||
Six
months ended
December
31, 2022
(Unaudited)
|
For
the period October 5, 2021 (commencement of operations) through June 30,
2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
42,029
|
$
|
67,784
|
Net
realized gain (loss) |
(5,711,644)
|
(3,782,899)
| ||
Change
in net unrealized appreciation (depreciation) |
(1,057,989)
|
(16,156,923)
| ||
Net
increase (decrease) in net assets resulting from operations
|
(6,727,604)
|
(19,872,038)
| ||
Distributions
to shareholders |
(71,400)
|
(64,350)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
8,074,078
|
62,232,758
| ||
Cost
of shares redeemed |
-
|
(3,978,567)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
8,074,078
|
58,254,191
| ||
Total
increase (decrease) in net assets |
1,275,074
|
38,317,803
| ||
Net
Assets |
||||
Beginning
of period |
38,317,803
|
-
| ||
End
of period |
$
|
39,592,877
|
$
|
38,317,803
|
Other
Information |
||||
Shares
|
||||
Sold
|
450,000
|
2,300,000
| ||
Redeemed
|
-
|
(150,000)
| ||
Net
increase (decrease) |
450,000
|
2,150,000
| ||
Fidelity®
Electric Vehicles and Future Transportation ETF |
Six
months ended
(Unaudited)
December 31, 2022
|
Years
ended June 30, 2022
A
| |||
Selected Per-Share
Data
|
||||
Net asset value, beginning
of period |
$
|
17.82
|
$
|
25.20
|
Income from Investment
Operations |
||||
Net investment income (loss) B,C
|
.02
|
.04
| ||
Net realized and unrealized gain (loss)
|
(2.58)
|
(7.39)
| ||
Total from investment
operations |
(2.56)
|
(7.35)
| ||
Distributions from net
investment income |
(.03)
|
(.03)
| ||
Total distributions |
(.03)
|
(.03)
| ||
Net asset value, end of
period |
$
|
15.23
|
$
|
17.82
|
Total Return
D,E,F
|
(14.41)%
|
(29.15)%
| ||
Ratios to Average Net Assets C,G,H
|
||||
Expenses before reductions
|
.39%
I
|
.39%
| ||
Expenses net of fee
waivers, if any |
.39%
I
|
.39%
| ||
Expenses net of all
reductions |
.39%
I
|
.39%
| ||
Net investment income
(loss) |
.20%
I
|
.25%
| ||
Supplemental Data |
||||
Net assets, end of period
(000 omitted) |
$
|
39,593
|
$
|
38,318
|
Portfolio turnover rate
J,K
|
77%
I
|
31%
L
|
Top
Holdings (% of Fund's net
assets) | ||
Tencent
Holdings Ltd. |
5.2
|
|
Meta
Platforms, Inc. Class A |
4.6
|
|
Adobe,
Inc. |
4.5
|
|
Apple,
Inc. |
4.0
|
|
Alphabet,
Inc. Class A |
4.0
|
|
NVIDIA
Corp. |
3.9
|
|
Nintendo
Co. Ltd. |
3.9
|
|
NetEase,
Inc. ADR |
3.3
|
|
Electronic
Arts, Inc. |
3.3
|
|
Dassault
Systemes SA |
3.0
|
|
39.7
|
||
Market
Sectors (% of Fund's net assets) | ||
Communication
Services |
61.4
|
|
Information
Technology |
34.9
|
|
Industrials
|
2.7
|
|
Consumer
Discretionary |
0.8
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 53%
|
Futures - 0.2% |
Geographic
Diversification (% of Fund's net assets)
|
|
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are based on country or territory of incorporation and are adjusted for
the effect of derivatives, if applicable. |
Common
Stocks - 99.8% | |||
Shares
|
Value
($)
| ||
COMMUNICATION
SERVICES - 61.4% |
|||
Entertainment
- 39.8% |
|||
Capcom
Co. Ltd. |
7,100
|
226,541
| |
Com2uS
Corp. |
1,953
|
92,051
| |
Electronic
Arts, Inc. |
3,204
|
391,465
| |
Embracer
Group AB (a) |
43,633
|
198,033
| |
GungHo
Online Entertainment, Inc. |
7,800
|
126,034
| |
iDreamSky
Technology Holdings Ltd. (a)(b) |
179,600
|
89,053
| |
Kakao
Games Corp. (a) |
4,437
|
156,672
| |
Koei
Tecmo Holdings Co. Ltd. |
9,400
|
170,410
| |
Konami
Group Corp. |
4,600
|
208,132
| |
KRAFTON,
Inc. (a) |
1,386
|
184,142
| |
NCSOFT
Corp. |
644
|
228,163
| |
Neowiz
(a) |
3,093
|
90,381
| |
NetEase,
Inc. ADR |
5,534
|
401,934
| |
Netmarble
Corp. (b) |
3,310
|
158,105
| |
Nexon
Co. Ltd. |
12,900
|
289,589
| |
Nintendo
Co. Ltd. |
11,200
|
469,577
| |
Pearl
Abyss Corp. (a) |
4,047
|
134,260
| |
Roblox
Corp. (a) |
8,863
|
252,241
| |
Square
Enix Holdings Co. Ltd. |
4,500
|
209,064
| |
Take-Two
Interactive Software, Inc. (a) |
3,102
|
323,011
| |
Ubisoft
Entertainment SA (a) |
6,242
|
175,937
| |
WeMade
Entertainment Co. Ltd. |
3,620
|
90,321
| |
XD,
Inc. (a) |
42,200
|
116,787
| |
4,781,903
| |||
Interactive
Media & Services - 21.6% |
|||
Alphabet,
Inc. Class A (a) |
5,488
|
484,206
| |
Bumble,
Inc. (a) |
6,569
|
138,277
| |
GREE,
Inc. |
16,300
|
85,981
| |
Meitu,
Inc. (a)(b) |
628,500
|
110,320
| |
Meta
Platforms, Inc. Class A (a) |
4,601
|
553,684
| |
NAVER
Corp. |
2,492
|
349,806
| |
Snap,
Inc. Class A (a) |
26,604
|
238,106
| |
Tencent
Holdings Ltd. |
14,600
|
624,791
| |
2,585,171
| |||
TOTAL COMMUNICATION SERVICES
|
7,367,074
| ||
CONSUMER
DISCRETIONARY - 0.8% |
|||
Leisure
Products - 0.8% |
|||
Golfzon
Co. Ltd. |
1,046
|
93,309
| |
INDUSTRIALS
- 2.7% |
|||
Aerospace
& Defense - 2.7% |
|||
Maxar
Technologies, Inc. |
6,384
|
330,308
| |
INFORMATION
TECHNOLOGY - 34.9% |
|||
IT
Services - 3.3% |
|||
GDS
Holdings Ltd. ADR (a) |
10,365
|
213,726
| |
NEXTDC
Ltd. (a) |
28,689
|
177,045
| |
390,771
| |||
Semiconductors
& Semiconductor Equipment - 8.4% |
|||
ams-OSRAM
AG (a) |
19,946
|
145,520
| |
Cirrus
Logic, Inc. (a) |
2,775
|
206,682
| |
NVIDIA
Corp. |
3,235
|
472,763
| |
Synaptics,
Inc. (a) |
1,976
|
188,036
| |
1,013,001
| |||
Software
- 17.6% |
|||
Adobe,
Inc. (a) |
1,610
|
541,813
| |
Aveva
Group PLC |
5,590
|
216,049
| |
Bentley
Systems, Inc. Class B |
6,414
|
237,061
| |
Dassault
Systemes SA |
10,048
|
359,191
| |
Matterport,
Inc. (a) |
35,245
|
98,686
| |
Nemetschek
SE |
3,507
|
178,496
| |
PTC,
Inc. (a) |
2,412
|
289,536
| |
Unity
Software, Inc. (a) |
6,593
|
188,494
| |
2,109,326
| |||
Technology
Hardware, Storage & Peripherals - 5.6% |
|||
Apple,
Inc. |
3,737
|
485,548
| |
Super
Micro Computer, Inc. (a) |
2,282
|
187,352
| |
672,900
| |||
TOTAL INFORMATION TECHNOLOGY
|
4,185,998
| ||
TOTAL
COMMON STOCKS
(Cost
$13,792,220) |
11,976,689
| ||
Money
Market Funds - 0.1% | |||
Shares
|
Value
($)
| ||
Fidelity
Cash Central Fund 4.37% (c)
(Cost
$18,299)
|
18,296
|
18,299
| |
TOTAL
INVESTMENT IN SECURITIES - 99.9%
(Cost
$13,810,519)
|
11,994,988
|
NET
OTHER ASSETS (LIABILITIES) - 0.1%
|
11,207
|
NET
ASSETS - 100.0% |
12,006,195
|
Futures
Contracts
| |||||
Number
of
contracts |
Expiration
Date
|
Notional
Amount
($)
|
Value
($)
|
Unrealized
Appreciation/
(Depreciation)
($)
| |
Purchased
|
|||||
Equity
Index Contracts |
|||||
CME
E-mini NASDAQ 100 Index Contracts (United States) |
1
|
Mar
2023 |
22,045
|
(672)
|
(672)
|
The
notional amount of futures purchased as a percentage of Net Assets is
0.2% |
(a)
|
Non-income
producing
|
(b)
|
Security
exempt from registration under Rule 144A of the Securities Act of
1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At the end of
the period, the value of these securities amounted to $357,478 or 3.0% of
net assets.
|
(c)
|
Affiliated
fund that is generally available only to investment companies and other
accounts managed by Fidelity Investments. The rate quoted is the
annualized seven-day yield of the fund at period end. A complete unaudited
listing of the fund's holdings as of its most recent quarter end is
available upon request. In addition, each Fidelity Central Fund's
financial statements are available on the SEC's website or upon
request.
|
Affiliate
|
Value,
beginning
of
period ($) |
Purchases
($) |
Sales
Proceeds
($) |
Dividend
Income
($) |
Realized
Gain
(loss) ($) |
Change
in
Unrealized
appreciation
(depreciation)
($) |
Value,
end
of
period ($) |
%
ownership,
end
of
period |
Fidelity
Cash Central Fund 4.37% |
-
|
123,587
|
105,288
|
147
|
-
|
-
|
18,299
|
0.0%
|
Total
|
-
|
123,587
|
105,288
|
147
|
-
|
-
|
18,299
|
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
7,367,074
|
4,575,178
|
2,791,896
|
-
|
Consumer
Discretionary |
93,309
|
93,309
|
-
|
-
|
Industrials
|
330,308
|
330,308
|
-
|
-
|
Information
Technology |
4,185,998
|
3,649,762
|
536,236
|
-
|
Money Market Funds
|
18,299
|
18,299
|
-
|
-
|
Total Investments in Securities: |
11,994,988
|
8,666,856
|
3,328,132
|
-
|
Derivative
Instruments: |
||||
Liabilities |
||||
Futures
Contracts |
(672)
|
(672)
|
-
|
-
|
Total Liabilities
|
(672)
|
(672)
|
-
|
-
|
Total Derivative Instruments: |
(672)
|
(672)
|
-
|
-
|
Primary
Risk Exposure / Derivative Type
|
Value
| |
Asset
($) |
Liability
($) | |
Equity
Risk |
||
Futures
Contracts (a)
|
0
|
(672)
|
Total
Equity Risk |
0
|
(672)
|
Total
Value of Derivatives |
0
|
(672)
|
Statement
of Assets and Liabilities | ||||
December
31, 2022
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying
schedule: |
$
|
|||
Unaffiliated issuers (cost
$13,792,220) |
11,976,689
|
|||
Fidelity Central Funds (cost
$18,299) |
18,299
|
|||
Total
Investment in Securities (cost $13,810,519) |
$
|
11,994,988
| ||
Segregated
cash with brokers for derivative instruments |
1,580
| |||
Foreign
currency held at value (cost $12,189) |
12,172
| |||
Receivable
for investments sold |
7
| |||
Dividends
receivable |
12,589
| |||
Distributions
receivable from Fidelity Central Funds |
53
| |||
Total
assets |
12,021,389
| |||
Liabilities
|
||||
Payable
for investments purchased |
11,279
|
|||
Accrued
management fee |
3,894
|
|||
Payable
for daily variation margin on futures contracts |
21
|
|||
Total Liabilities
|
15,194
| |||
Net
Assets |
$
|
12,006,195
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
14,348,282
| ||
Total
accumulated earnings (loss) |
(2,342,087)
| |||
Net
Assets |
$
|
12,006,195
| ||
Net
Asset Value ,
offering price and redemption price per share ($12,006,195 ÷ 600,000
shares) |
$
|
20.01
| ||
Statement
of Operations | ||||
Six
months ended
December
31, 2022
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
33,191
| ||
Income
from Fidelity Central Funds |
147
| |||
Total Income |
33,338
| |||
Expenses
|
||||
Management
fee |
$
|
23,305
|
||
Independent
trustees' fees and expenses |
20
|
|||
Total expenses before reductions |
23,325
|
|||
Expense reductions |
(86)
|
|||
Total expenses after reductions |
23,239
| |||
Net
Investment income (loss) |
10,099
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(327,046)
|
|||
Foreign currency transactions |
(3,570)
|
|||
Futures contracts |
(2,296)
|
|||
Total
net realized gain (loss) |
(332,912)
| |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(528,163)
|
|||
Assets and liabilities in foreign currencies
|
168
|
|||
Futures contracts |
(349)
|
|||
Total
change in net unrealized appreciation (depreciation) |
(528,344)
| |||
Net
gain (loss) |
(861,256)
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
(851,157)
|
Statement
of Changes in Net Assets | ||||
Six
months ended
December
31, 2022
(Unaudited)
|
For
the period April 19, 2022 (commencement of operations) through June 30,
2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
10,099
|
$
|
214
|
Net
realized gain (loss) |
(332,912)
|
(123,480)
| ||
Change
in net unrealized appreciation (depreciation) |
(528,344)
|
(1,287,738)
| ||
Net
increase (decrease) in net assets resulting from operations
|
(851,157)
|
(1,411,004)
| ||
Distributions
to shareholders |
(22,200)
|
-
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
2,221,577
|
13,140,454
| ||
Cost
of shares redeemed |
-
|
(1,071,475)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
2,221,577
|
12,068,979
| ||
Total
increase (decrease) in net assets |
1,348,220
|
10,657,975
| ||
Net
Assets |
||||
Beginning
of period |
10,657,975
|
-
| ||
End
of period |
$
|
12,006,195
|
$
|
10,657,975
|
Other
Information |
||||
Shares
|
||||
Sold
|
100,000
|
550,000
| ||
Redeemed
|
-
|
(50,000)
| ||
Net
increase (decrease) |
100,000
|
500,000
| ||
Fidelity®
Metaverse ETF |
Six
months ended
(Unaudited)
December 31, 2022
|
Years
ended June 30, 2022
A
| |||
Selected Per-Share
Data
|
||||
Net asset value, beginning
of period |
$
|
21.32
|
$
|
25.28
|
Income from Investment
Operations |
||||
Net investment income (loss) B,C
|
.02
|
-
D
| ||
Net realized and unrealized gain (loss)
|
(1.29)
|
(3.96)
| ||
Total from investment
operations |
(1.27)
|
(3.96)
| ||
Distributions from net
investment income |
(.04)
|
-
| ||
Total distributions |
(.04)
|
-
| ||
Net asset value, end of
period |
$
|
20.01
|
$
|
21.32
|
Total Return
E,F,G
|
(5.95)%
|
(15.67)%
| ||
Ratios to Average Net Assets C,H,I
|
||||
Expenses before reductions
|
.39%
J
|
.39%
| ||
Expenses net of fee
waivers, if any |
.39%
J
|
.39%
| ||
Expenses net of all
reductions |
.38%
J
|
.39%
| ||
Net investment income
(loss) |
.17%
J
|
.01%
| ||
Supplemental Data |
||||
Net assets, end of period
(000 omitted) |
$
|
12,006
|
$
|
10,658
|
Portfolio turnover rate
K,L
|
37%
J
|
8%
M
|
Fidelity
Central Fund |
Investment
Manager |
Investment
Objective |
Investment
Practices |
Expense
Ratio A
|
Fidelity
Money Market Central Funds |
Fidelity
Management & Research Company LLC (FMR) |
Each
fund seeks to obtain a high level of current income consistent with the
preservation of capital and liquidity. |
Short-term
Investments |
Less
than .005% |
|
Tax
cost |
Gross
unrealized appreciation |
Gross
unrealized depreciation |
Net
unrealized appreciation (depreciation) |
Fidelity
Clean Energy ETF |
$
41,841,184
|
$
3,109,258
|
$
(6,970,310)
|
$
(3,861,052)
|
Fidelity
Cloud Computing ETF |
30,013,296
|
554,577
|
(9,842,845)
|
(9,288,268)
|
Fidelity
Crypto Industry and Digital Payments ETF |
24,117,884
|
419,819
|
(7,743,272)
|
(7,323,453)
|
Fidelity
Digital Health ETF |
12,087,387
|
569,530
|
(3,366,773)
|
(2,797,243)
|
Fidelity
Electric Vehicles and Future Transportation ETF |
56,982,937
|
1,097,598
|
(18,528,800)
|
(17,431,202)
|
Fidelity
Metaverse ETF |
13,824,370
|
578,494
|
(2,408,548)
|
(1,830,054)
|
|
Short-term
|
Long-term
|
Total
capital loss carryforward |
Fidelity
Clean Energy ETF |
$
(963,004)
|
$
-
|
$
(963,004)
|
Fidelity
Cloud Computing ETF |
(1,007,817)
|
-
|
(1,007,817)
|
Fidelity
Crypto Industry and Digital Payments ETF |
(857,128)
|
-
|
(857,128)
|
Fidelity
Digital Health ETF |
(118,201)
|
-
|
(118,201)
|
Fidelity
Electric Vehicles and Future Transportation ETF |
(3,904,483)
|
-
|
(3,904,483)
|
Fidelity
Metaverse ETF |
(175,908)
|
(193)
|
(176,101)
|
|
Ordinary
losses |
Fidelity
Clean Energy ETF |
$(8,013)
|
Fidelity
Digital Health ETF |
(2,724)
|
|
|
|
|
Equity
Risk |
Equity
risk relates to the fluctuations in the value of financial instruments as
a result of changes in market prices (other than those arising from
interest rate risk or foreign exchange risk), whether caused by factors
specific to an individual investment, its issuer, or all factors affecting
all instruments traded in a market or market segment.
|
|
Purchases
($) |
Sales
($) |
Fidelity
Clean Energy ETF |
11,300,111
|
8,827,006
|
Fidelity
Cloud Computing ETF |
3,074,487
|
2,661,708
|
Fidelity
Crypto Industry and Digital Payments ETF |
3,938,964
|
3,823,182
|
Fidelity
Digital Health ETF |
2,185,105
|
1,844,901
|
Fidelity
Electric Vehicles and Future Transportation ETF |
17,527,196
|
15,862,748
|
Fidelity
Metaverse ETF |
2,446,840
|
2,151,230
|
|
In-Kind
Subscriptions($) |
In-Kind
Redemptions ($) |
Fidelity
Clean Energy ETF |
7,797,700
|
-
|
Fidelity
Cloud Computing ETF |
4,017,473
|
-
|
Fidelity
Crypto Industry and Digital Payments ETF |
9,556,112
|
1,258,592
|
Fidelity
Electric Vehicles and Future Transportation ETF |
6,337,894
|
-
|
Fidelity
Metaverse ETF |
1,907,247
|
-
|
|
Fee
Rate |
Fidelity
Clean Energy ETF |
.39%
|
Fidelity
Cloud Computing ETF |
.39%
|
Fidelity
Crypto Industry and Digital Payments ETF |
.39%
|
Fidelity
Digital Health ETF |
.39%
|
Fidelity
Electric Vehicles and Future Transportation ETF |
.39%
|
Fidelity
Metaverse ETF |
.39%
|
|
Custodian
credits |
Fidelity
Clean Energy ETF |
$29
|
Fidelity
Cloud Computing ETF |
75
|
Fidelity
Crypto Industry and Digital Payments ETF
|
98
|
Fidelity
Digital Health ETF |
8
|
Fidelity
Electric Vehicles and Future Transportation ETF
|
24
|
Fidelity
Metaverse ETF |
86
|
The
Example is based on an investment of $1,000 invested at the beginning of
the period and held for the entire period (July 1, 2022 to December 31,
2022). |
Annualized
Expense Ratio- A
|
Beginning
Account Value July 1, 2022 |
Ending
Account Value December 31, 2022 |
Expenses
Paid During Period- C
July
1, 2022 to December 31, 2022 | |||||||
Fidelity®
Clean Energy ETF |
.39%
|
|||||||||
Actual
|
$
1,000 |
$
1,038.40 |
$
2.00 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,023.24 |
$
1.99 | |||||||
Fidelity®
Cloud Computing ETF |
.39%
|
|||||||||
Actual
|
$
1,000 |
$
932.90 |
$
1.90 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,023.24 |
$
1.99 | |||||||
Fidelity®
Crypto Industry and Digital Payments ETF |
.39%
|
|||||||||
Actual
|
$
1,000 |
$
848.70 |
$
1.82 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,023.24 |
$
1.99 | |||||||
Fidelity®
Digital Health ETF |
.39%
|
|||||||||
Actual
|
$
1,000 |
$
1,001.70 |
$
1.97 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,023.24 |
$
1.99 | |||||||
Fidelity®
Electric Vehicles and Future Transportation ETF |
.39%
|
|||||||||
Actual
|
$
1,000 |
$
855.90 |
$
1.82 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,023.24 |
$
1.99 | |||||||
Fidelity®
Metaverse ETF |
.39%
|
|||||||||
Actual
|
$
1,000 |
$
940.50 |
$
1.91 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,023.24 |
$
1.99 | |||||||
|